AST

Overview of AST

The AirSwap Token, better known by its short name AST, is a cryptocurrency token that was launched in the year 2017. The key individuals responsible for its inception are Michael Oved and Don Mosites. As a cryptocurrency, AST can be traded on numerous exchanges, some of the most notable ones being Binance, Uniswap, and HitBTC, among others. As far as storage is concerned, the AST token can be stored in several wallets such as Metamask, MyEtherWallet, and hardware devices like the Ledger Nano S.

Pros and Cons

Crypto Wallet

The AirSwap Wallet allows you to manage your AirSwap (AST) tokens, along with Ethereum, XRP, Litecoin, XLM, and over 1000 other coins and tokens. You can also buy AirSwap and more than 20 other assets using your bank card, with support for USD, EUR, and other local currencies worldwide. The AirSwap Wallet is available on Windows, MacOS, Ubuntu, Debian, and Fedora operating systems.

What Makes AST Unique？

The AirSwap Token (AST) presents its innovation in the sphere of cryptocurrency through its unique peer-to-peer trading protocol. This protocol allows users to directly swap tokens without needing to go through an exchange, potentially providing more control over transactions, and avoiding the fees typically associated with exchanges.

In contrast to the traditional exchange model, AirSwap's protocol emphasizes decentralization and anonymity. Traders on this network interact directly with each other, ensuring privacy and potentially reducing the risk of central point failures that can occur with centralized exchanges.

How Does AST Work？

AirSwap is a decentralized network designed for trading digital assets. It offers a unique design that safeguards traders from risks such as counterparty risk, price slippage, and front running. AirSwap is particularly favored by traditional market makers transitioning into the decentralized financial system. The platform emphasizes peer-to-peer trading, making it the standard for RFQ (request for quote) and OTC (over the counter) trading styles.

Furthermore, AirSwap operates as an open project, with its community actively collaborating on network development. Contributors to the network can earn protocol fees for their participation. The platform was launched on October 10th, 2017, and since its inception, it has introduced various products and upgrades to promote the advantages of trading digital assets using decentralized protocols.

Exchanges to Buy AST

Here are some exchanges where you can buy the AST token, along with some of the currency and token pairs that these exchanges support:

Binance: This top-tier global cryptocurrency exchange offers several pairs for AST, including AST/BTC, AST/ETH, and AST/BUSD.

See this link for details on how to buy AST：https://www.binance.com/en/how-to-buy/airswap.

KUcoin: A decentralized exchange that allows pairings with any token on the Ethereum network, thereby you can trade AST with various ERC-20 tokens.

See this link for details on how to buy AST：https://www.kucoin.com/how-to-buy/airswap.

OKEx: Known for a vast range of cryptocurrency pairs, OKEx offers trading of AST through various pairs such as AST/BTC, AST/ETH, and AST/USDT.

HitBTC: This exchange provides numerous options for trading AST, including pairs like AST/BTC, AST/ETH, and AST/USDT.

Poloniex: On Poloniex, AST can be traded against pairs such as AST/BTC and AST/ETH.

How to Store AST？

The AirSwap Token (AST) is an ERC-20 token, which means it's built on the Ethereum platform. Therefore, any wallet that supports Ethereum can also be used to store AST tokens.

There are several types of wallets available for storing AST tokens, and the choice of wallet often depends on the user's specific needs in terms of security, convenience, and control. Here are some of them:

Software Wallets: These include desktop, mobile, and online wallets. They store your cryptographic keys digitally on a device or online platform, and are typically easy to use.

- Metamask: A popular Ethereum browser extension wallet that allows you to store and manage ERC-20 tokens like AST.

- MyEtherWallet: An open-source, client-side interface for creating Ethereum wallets that can store ERC-20 tokens.

Hardware Wallets: These are physical devices that store your keys offline in a secure device protected by a PIN. They are typically more secure as they are less susceptible to hacking.

Ledger Nano S: This is a hardware wallet that supports Ethereum and ERC-20 tokens like AST. It provides enhanced security by keeping your keys offline and safe from potential online threats.

Paper Wallets: These involve printing your private keys on paper and storing them in a safe place. They are a form of 'cold storage' and are immune from online attacks. However, they can be destroyed due to physical damages or lost.

Is It Safe？

AirSwap provides peer-to-peer trading between NFT sellers and buyers. It is built on protocols that have supported over $4 billion in trading volume since 2017, demonstrating a track record of security and reliability in the decentralized trading space. By leveraging the same protocols and infrastructure, AirSwap ensures a secure environment for users to engage in NFT trading while maintaining the integrity of the transactions.

How to Earn AST？

- Providing Liquidity: You can earn AST by providing liquidity to decentralized trading platforms like AirSwap. By adding your crypto assets to liquidity pools, you can earn rewards in the form of AST tokens based on the trading activity and fees generated by the platform.

- Participating in Governance: If you hold AST tokens, you have the opportunity to participate in governance decisions related to the AirSwap platform. By voting on proposals and contributing to the ecosystem, you can earn rewards in AST.

- Referral Programs: Some platforms or projects may offer referral programs where you can earn AST by referring new users or participating in promotional activities.

- Staking: Staking AST tokens involves locking up your tokens in a smart contract to support the networks security and operations. In return for staking your AST, you may receive rewards in the form of additional AST tokens.

FAQs

Q: What is the primary function of the AirSwap Token？

A: The AirSwap Token is the membership token of the AirSwap decentralized exchange, providing the right to signal trading intentions without giving custody of assets to a third-party.

Q: How does the Swap Protocol enhance the AirSwap decentralized exchange？

A: The Swap Protocol settles orders on-chain through an Ethereum smart contract, while other activities are handled off-chain, making AirSwap faster than other decentralized exchanges.

Q: What is required for a maker to signal their intention to trade on the AirSwap DEX？

A: To signal an intention to trade, a maker needs to possess 100 AST, which is then staked or locked for seven days.

Q: How do liquidity takers benefit on the AirSwap decentralized exchange？

A: Liquidity takers can accept a makers ask or bid price and trade for free on the AirSwap decentralized exchange, even without owning AST.